News

Spring Budget ushers in property tax shake-up
22 March 2024

The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an upcoming general election. Although the headlines have been dominated by the news that employee National Insurance Contributions will be cut further to eight per cent, Mr Hunt also announced several measures, which changed how certain property taxes will be applied.
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Spring Budget 2024
06 March 2024

The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year. Although a date for the next general election is still yet to be set, this is likely to be the last time that Mr. Hunt will have a chance...
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Tax Planning Checklist
19 February 2024

As the current tax year begins to wind down and another one commences from April, now is the time to be thinking about how to make the most of the tax reliefs and allowances that are available to you. To help, we have compiled the following checklist of the key investment and tax planning ideas that you should be considering.
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Tax basis – Getting ready for the end of the transitional year
19 February 2024

Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business taxes relating to the basis period. At the end of the 2023/24 financial year, these changes will come...
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Putting the brakes on excessive National Insurance payments through car allowances
19 February 2024

Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity as employers, the Tribunal upheld the firms’ argument...
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Please leave a message – HMRC dispute resolution hotline restricted to answerphone
19 February 2024

HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to leave a voicemail on the new 24-hour service.
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National Insurance credit scheme will be introduced to tackle child benefit gaps
19 February 2024

The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will soon be able to claim National Insurance credits.
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Employee benefits and mandatory payroll reporting
19 February 2024

Starting in April 2026, UK employers will have to include the benefits they give to their employees, like company cars or health insurance, directly in their payroll. This means these benefits will be taxed through the payroll system, and not reported separately.
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UK company law is changing – Get ready now!
19 February 2024

There is a series of impending changes to UK company law as a result of the enactment of the Economic Crime and Corporate Transparency Act last year. These highly anticipated changes, expected to commence on 4 March 2024, subject to parliamentary schedules, will significantly impact the operation and compliance requirements of your company.
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Trivial benefits in kind: A quick guide for employers
15 January 2024

Making employees feel valued is critical for their morale, engagement, and overall well-being. Often, it’s the smaller gestures that have the most significant impact on employees’ perceptions of their work environment and employers.
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